Co-authored by: Chief Credit Officer Nelly Rojas-Moreno, LiftFund Chief Credit Officer and Head of Small Business Programs Oswaldo Acosta, Latino Economic Development Center Director of Fondo Adelante, Nathanial Owen, MEDA Lending to Latino entrepreneurs is a strong business model for any CDFI. That is the fundamental message being put forth by a trio of nonprofit…
Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE September 19, 2018 Fondo Adelante Receives $300,000 CDFI Financial Assistance Award Will strengthen sustainability of MEDA’s San Francisco Bay Area community loan arm San Francisco — The nonprofit Mission Economic Development Agency (MEDA) has announced…
What’s in a name? A lot actually. MEDA is excited to announce that it has legally changed the name of its community loan fund to Fondo Adelante. Explains CEO Luis Granados, “We wanted to better reflect the Latino community in our loan fund’s name. ‘Adelante’ literally means ‘move ahead’ in Spanish, and the addition of…
Lend an ear to this exciting news: Adelante Fund, MEDA’s community loan arm, just became a certified Community Development Financial Institution (CDFI). With only about 1,000 CDFI’s across the land, and just 11 others based in San Francisco, this is especially big news. Additionally, MEDA is the only San Francisco CDFI focusing primarily on providing…
Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Feb. 27, 2017 Adelante Fund Marks Milestone of $1 Million in Small-Business Loans MEDA providing loans primarily to immigrants denied access to capital by traditional lenders San Francisco, Calif. — The Mission Economic Development Agency (MEDA) has reached a…
“I felt like I had lost everything. When something like this happens, it’s hard to stay positive.” That’s how Mexican immigrant Saul Chavez (photo, center), co-owner of El Gran Taco Loco with his spouse Angelica Quezada, describes his emotions following the destruction of his commercial space in the Mission and 29th streets fire last June…
Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Oct. 6, 2016 MEDA Receives $125K U.S. Department of the Treasury CDFI TA Award Puts MEDA’s Adelante Fund on the path to becoming a certified CDFI San Francisco, Calif. — The U.S. Department of the Treasury has announced a…
Back in Antigua, Guatemala, Sofia Lopez had a small business selling items like pocketbooks, belts and wallets on the vibrant main square. She had always wanted to run such a venture and was achieving success … until violence compelled her to leave her homeland a decade ago. Now residing in San Francisco’s Bayview, Lopez initially…
The owners of 10-month-old, family-owned Mateo’s Taqueria in the Mission aim to have their food bring people together. Judging from today’s lively lunchtime crowd packing the sleek eatery, the savvy business owners are definitely meeting this goal. Around 200 customers a day can be seen savoring Mexican specialties, such as the best-selling fish tacos, at this colorful…
With MEDA invited to be part of “San Francisco Small-Business Week 2016” starting May 21, last night was time to celebrate a big win for community-serving enterprises in the Mission. That’s because D’Maize Restaurant – an immigrant-owned establishment – held a ribbon-cutting ceremony for its brick-and-mortar location at 2778 24th Street (between York and Hampshire streets)….
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